CapitaLand Group Reports S$479 Million Net Profit for FY2024, Up 165% Year-on-Year
Summary:
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Significant Profit Growth: CapitaLand Group achieved a net profit of S$479 million for the fiscal year ended 31 December 2024, marking a 165% increase compared to the previous year.
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Dividend Proposal: The company has proposed a total dividend of 18 Singapore cents per share for FY2024, reflecting its strong financial performance.
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Robust Financial Position: Total assets stood at S$97.3 billion as of 31 December 2024, with total equity attributable to owners amounting to S$45.1 billion.
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Strong Cash Flow: Net cash generated from operating activities was S$2.1 billion, demonstrating healthy liquidity and operational efficiency.
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Strategic Investments: The group continued to invest in high-quality assets, including the acquisition of prime properties in key markets, to enhance its portfolio and drive long-term growth.
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Sustainability Initiatives: CapitaLand advanced its sustainability agenda by increasing its green-certified assets and implementing energy-efficient technologies across its properties.
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Positive Outlook: The company remains optimistic about its growth prospects, supported by a diversified portfolio and strategic focus on real estate investment management.